Trade Lenda -Digital Lending a Catalyst for Growth in Africa
Trade Lenda -Digital Lending a Catalyst for Growth in Africa
https://youtu.be/VSLaYjraoYA
Trade Lenda, a Delaware company is enabling access to credit via alternative data sources for MSMEs across emerging markets. We are enabling access to credit via alternative data sources for MSMEs across Emerging markets starting with Nigeria Through our smart Algorithm scoring platform, we leverage on data to evaluate character and capacity of every request thus removing focus on upfront collateral and cutting bottle necks associated to getting credits for MSMEs. So far we have used this framework to disburse over $1.5million with 100% repayment. We make money by charging 5% interest on every fund disbursed. A quick scenario with disbursement to 10% of our 230,000 MSMEs at an average size of $5,000 would equate to $7.75million over the next months. Our team brings a wide range of experience cutting across Finance, Technology, Credit, Operations and Supply chain.
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